Soaring Demand Set to Propel Operations Support Systems And Business Support Systems (OSS And BSS) Market to $106.15 Billion by 2029

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What Is the Expected CAGR for the Operations Support Systems And Business Support Systems (OSS And BSS) Market Through 2025?
The market size for operations support systems and business support systems (oss and bss) has seen significant growth in recent times. The market is predicted to increase from $61.69 billion in 2024 to $69.48 billion in 2025, representing a compound annual growth rate (CAGR) of 12.6%. A number of factors influenced this growth during the historic period, including the emergence of virtual network operators, a surging requirement for cybersecurity solutions, a rise in demand for real-time analytics and converged billing systems, and the increased complexity of telecom networks.

What's the Projected Size of the Global Operations Support Systems And Business Support Systems (OSS And BSS) Market by 2029?
The market size for operations support systems and business support systems (oss and bss) is set for significant expansion in the future. It is projected to reach $106.15 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. This projected growth can be credited to a rise in the need for scalable solutions, an increase in the demand for cloud-based solutions, a surge in demand for IoT connectivity management, a growing need for 5G networks, and the need for network automation. The forecast period is set to see new trends like the incorporation of artificial intelligence and machine learning, the broadening of broadband networks, incorporating blockchain technology, the incorporation of Internet of Things (IoT) platforms, and technological progress.

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Top Growth Drivers in the Operations Support Systems And Business Support Systems (OSS And BSS) Industry: What's Accelerating the Market?
The escalating demand for cybersecurity measures is anticipated to fuel the progression of the OSS and BSS market in the future. Cybersecurity measures encompass a variety of technologies, strategies, and norms aimed at securing electronic platforms, networks, and data against unlawful infiltration, cyber onslaughts, and other potential hazards. The escalating dependency on digital infrastructure and linked systems, coupled with the expanding complexity of cyber threats, necessitates ongoing advancement and adoption of cybersecurity measures to protect sensitive information and critical assets. Operations support systems (OSS) and business support systems (BSS) promote cybersecurity by supervising network operations, handling client data securely, and assuring adherence to regulatory stipulations for telecommunications service suppliers. For instance, in April 2023, the Department for Science, Innovation, and Technology, a government organization based in the UK, stated that cybercrime had impacted 11% of businesses and 8% of charities in total in the preceding 12 months. This number rose to 26% for medium-sized businesses, 37% for large firms, and 25% for high-income charities. Moreover, in February 2023, as per the Australian Cyber Security Centre, an Australian cybersecurity agency, reported that the number of reported cybercrimes had risen to 76,000 in 2022, a 13% increase from the previous year. Thus, the escalating demand for cybersecurity measures is driving the expansion of the OSS/BSS market.

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What Trends Will Shape the Operations Support Systems And Business Support Systems (OSS And BSS) Market Through 2029 and Beyond?
Leading firms in the OSS/BSS market are leveraging technological innovations such as low-code platforms to improve automation and development, thereby gaining a market advantage. Low-code platforms streamline and expedite the process of developing OSS and BSS solutions by minimizing the requirement for extensive coding skills. This strategy also enables more businesses and organizations to adopt OSS and BSS solutions which are customizable to their specific requirements. For instance, Cerillion, a British telecommunications firm, released Cerillion 23.2, an enhanced version of its BSS and OSS suite, in November 2023. This latest version integrates generative artificial intelligence (GenAI) to transform the product lifecycle for communication service providers (CSPs). With this enhancement, product managers can use natural language voice and text instructions to define offerings, and GenAI rapidly builds the corresponding product catalog configuration for validation and deployment.

What Are the Main Segments in the Operations Support Systems And Business Support Systems (OSS And BSS) Market?
The operations support systems and business support systems (oss and bss)market covered in this report is segmented -

1) By Component: Solution, Services
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Industry Vertical: Information Technology (IT) And Telecommunication, Banking, Financial Services And Insurance (BFSI), Media And Entertainment, Retail And E-Commerce, Other Industry Verticals

Subsegments:
1) By Solution: Revenue Management, Customer Management, Product Management, Order Management, Network Management, Service Assurance, Inventory Management, Billing and Charging
2) By Services: Consulting Services, System Integration Services, Managed Services, Maintenance and Support Services, Training and Education Services

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Which Top Companies are Driving Growth in the Operations Support Systems And Business Support Systems (OSS And BSS) Market?
Major companies operating in the operations support systems and business support systems (OSS and BSS) market are Huawei Technologies Co. Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise (HPE), Ericsson, Nokia Corporation, Infosys Limited, ZTE Corporation, CAPGEMINI SE, Amdocs Limited, Netcracker Technology, CSG International, TIBCO Software Inc., Calix Inc., Sterlite Technologies Limited, Subex Limited, TEOCO Corporation, Comviva, Alepo Technologies Inc., Optiva Inc., OPTELECOM, Matrixx Software Inc., Neural Technologies Limited, THE SIGMA GROUP

Which Regions Will Dominate the Operations Support Systems And Business Support Systems (OSS And BSS) Market Through 2029?
North America was the largest region in the OSS and BSS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operations support systems and business support systems (OSS and BSS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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